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Alina [70]
3 years ago
9

Anew Health Care Company reports net income of $210,000 and Depreciation Expense of $24,000 for the year ending December​ 31, 20

19. No long−term assets were sold or exchanged during 2019. They also have the following data​ available: December​ 31, 2018 Current​ Assets: Cash $30,000 $80,000 Accounts Receivable $160,000 96,000 Inventory $99,000 72,000 Total Current Assets $289,000 $248,000 Current​ Liabilities: Accounts Payable $52,000 $42,000 Salaries Payable 39,000 91,000 Total Current Liabilities $91,000 $133,000 Using the indirect​ method, what is the net cash provided by operating activities for the year ending December​ 31, 2019?
Business
1 answer:
Fiesta28 [93]3 years ago
3 0

Answer:

$344,000

Explanation:

                                                      2018                 2019            Change

                                                 Amount in $    Amount in $  Amount in $

Inventory                                     99,000.00      72,000.00       27,000.00  Total current asset                   289,000.00    248,000.00       41,000.00  Accounts payable                               52,000.00     42,000.00     (10,000.00)

Salaries payable                              39,000.00      91,000.00      52,000.00  

                                                                           Amount in $

Net income                                                             210,000.00  

Add depreciation                                                      24,000.00  

Changes to current assets and liabilities  

Inventory                                                               27,000.00  

Total current asset                                               41,000.00  

Accounts payable                                                        (10,000.00)

Salaries payable                                                       <u> 52,000.00  </u>

Net cash flows from operating activities               <u>344,000.00  </u>

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Accrued revenues: Multiple Choice At the end of one accounting period result in cash receipts in a future period. At the end of
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At the end of one accounting period result in cash receipts in a future period.

Explanation:

Accrued revenues is money owed by customers for goods bought or services purchased.

Accrued revenue is recorded as an asset on the balance sheet as receivables.

For example, if a customer buys a dress and is yet to pay for the dress. the amount the customer is supposed to pay is recorded as an accrued revenue at the end of the accounting period

Unearned revenue is money received by a company for services that are yet to be rendered.

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The risk of recession will most likely cause the company's shareholders to demand a higher return.

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If the company loses some customers, more might be attracted to the company. However, if the prices drop, the price might stay low and cause the financial value of stock to drop. Once the stock drops, the entire company loses money along with their stock, which is determined by their profit and loss.

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3 years ago
In the course of creating an effective business message, excellent business thinkers are most likely to
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Effective Business message should be - complete, clear, concise, concrete, correct, courteous, coherent.

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4 0
3 years ago
You want to create a portfolio equally as risky as the market, and you have $500,000 to invest. Information about the possible i
azamat

Answer:

Investment in stock C is $122450.3311 rounded off to $122450.33

Explanation:

A portfolio which is equally as risky as market should have a beta equal to the beta of the market as beta is a measure of the riskiness. The beta of market is always equal to 1. The formula for beta of a portfolio is as follows:

Portfolio beta = wA * Beta A + wB * Beta B + ... + wN * Beta N

Where w represents the weight of each stock in the portfolio.

Let investment in stock C be x

1 = 146000/500000 * 0.91 + 134000/500000 * 1.36 + x/500000 * 1.51

1 = 0.26572  +  0.36448 + 1.51x / 500000

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4 0
3 years ago
A student deposits $1,642 in the bank that pays 6.2% interest yearly (using yearly compounding). After 5 years he withdraws the
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Answer:

the perpetuity will pay the student 166.36 dollar per years

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Principal \: (1+ r)^{time} = Amount

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time 5.00

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the perpetuity will pay the student 166.36 dollar per years

6 0
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